The Point at Polzeath Limited


Directors	Mr R D T Clive
	Mrs E E R Davies
	Mr J J Davies
	Mr M G A Kershaw
	Mr T M O'Donnell


Company Secretary	SPEAFI Secretarial Limited


Registered Address	1 London Street
	Reading
	RG1 4PN


Registered Number	13393378 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		4,878		6,097
Tangible assets	4		375,420		292,176
			380,298		298,273
Current assets
Stocks	5	51,669		58,167
Debtors		106,322		111,421
Cash at bank and on hand		461,313		290,345
		619,304		459,933
Creditors amounts falling due within one year	6	(1,423,628)		(1,283,930)
Net current assets (liabilities)			(804,324)		(823,997)
Total assets less current liabilities			(424,026)		(525,724)
Creditors amounts falling due after one year	7		(109,863)		(29,809)
Net assets			(533,889)		(555,533)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(533,890)		(555,534)
Shareholders' funds			(533,889)		(555,533)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 August 2026, and are signed on its behalf by:

Mr J J Davies
Director
Registered Company No. 13393378

The Point at Polzeath Limited

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Website -20% reducing balance

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	5
Plant and machinery	20	-
Fixtures and fittings	20	-
Vehicles	20	-
Office Equipment	20	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	47		47

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 25	6,200	6,200
At 31 December 25	6,200	6,200
Amortisation and impairment
At 01 January 25	103	103
Charge for year	1,219	1,219
At 31 December 25	1,322	1,322
Net book value
At 31 December 25	4,878	4,878
At 31 December 24	6,097	6,097

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	16,732	356,760	14,903	31,773	71,604	491,772
Additions	1,392	142,623	-	1,910	15,855	161,780
Disposals	-	-	(2,750)	-	-	(2,750)
At 31 December 25	18,124	499,383	12,153	33,683	87,459	650,802
Depreciation and impairment
At 01 January 25	1,112	161,954	1,987	12,919	21,624	199,596
Charge for year	895	54,711	2,107	3,803	14,637	76,153
On disposals	-	-	(367)	-	-	(367)
At 31 December 25	2,007	216,665	3,727	16,722	36,261	275,382
Net book value
At 31 December 25	16,117	282,718	8,426	16,961	51,198	375,420
At 31 December 24	15,620	194,806	12,916	18,854	49,980	292,176

5.	Stocks

	2025	2024
	£	£
Other stocks	51,669	58,167
Total	51,669	58,167

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	65,045	75,725
Bank borrowings and overdrafts	3,183	5,449
Taxation and social security	68,639	31,180
Finance lease and HP contracts	38,737	14,306
Other creditors	1,146,319	1,036,441
Accrued liabilities and deferred income	101,705	120,829
Total	1,423,628	1,283,930


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	109,863	29,809
Total	109,863	29,809